US Dollar Crashing
The global markets are now wise to Bernanke's game. The US Dollar is in freefall mode against all major currencies including the Japanese Yen, which had formerly been the weakest currency. We've hit all time lows against a number of currencies and major multi-decade lows against others. Is this what Paulson meant by our "strong dollar" policy?
Now this is the truly scary part: markets are pricing in 75 basis points of easing by the Fed's next meeting in mid-March. Are you serious? 75 basis points more after the major freakout emergency cutting we've already gotten? If the Fed does go through with this, I will have lost what little respect I had left for them.
Do they honestly expect inflation to stay "well contained" as they print money non-stop? Judging by global commodities prices, their sham game is up. We truly are on our way to being the next Zimbabwe.
